COAL WYND DEVELOPMENTS LIMITED


Director	Robert McNab


Registered Address	1 Camperdown Place
	Kirkcaldy
	KY2 6XW


Registered Number	SC095288 (Scotland)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		10,881		13,389
Investment property	4		200,000		200,000
			210,881		213,389
Current assets
Debtors	5	435		1,612
Cash at bank and on hand		5,898		5,624
		6,333		7,236
Creditors amounts falling due within one year	6	(19,016)		(17,838)
Net current assets (liabilities)			(12,683)		(10,602)
Total assets less current liabilities			198,198		202,787
Provisions for liabilities			(20,428)		(22,292)
Net assets			177,770		180,495
Capital and reserves
Called up share capital			74,000		74,000
Other reserves			98,237		98,237
Profit and loss account			5,533		8,258
Shareholders' funds	7		177,770		180,495

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 10 June 2026, and are signed on its behalf by:

Robert McNab
Director
Registered Company No. SC095288

COAL WYND DEVELOPMENTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will continue to support the company as required.

	Turnover policy
	Income represents rents receivable in the year.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	25
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	-	3

	Investment property
	Investment property is shown at its open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on the investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This is in accordance with FRSSE which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment property is held for its investment potential and not for use by the company and so its current value is of prime importance. The departure from the provisions of the Act is required to give a true and fair view.

Investment property

Investment property is shown at its open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on the investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This is in accordance with FRSSE which, unlike the Companies Act 2006, does not require depreciation of
investment properties. Investment property is held for its investment potential and not for use by the company and so its current value is of prime importance. The departure from the provisions of the Act is required to give a true and fair view.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	2,640	5,294	27,200	2,043	37,177
Additions	-	1,640	-	-	1,640
At 31 March 26	2,640	6,934	27,200	2,043	38,817
Depreciation and impairment
At 01 April 25	933	3,735	17,743	1,377	23,788
Charge for year	106	624	3,152	266	4,148
At 31 March 26	1,039	4,359	20,895	1,643	27,936
Net book value
At 31 March 26	1,601	2,575	6,305	400	10,881
At 31 March 25	1,707	1,559	9,457	666	13,389

4.	Investment property


		£
	Fair value at 01 April 25	200,000
	At 31 March 26	200,000

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	-	1,197
Other debtors	11	-
Prepayments and accrued income	424	415
Total	435	1,612

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	4,051	-
Taxation and social security	8,495	12,223
Other creditors	476	1,186
Accrued liabilities and deferred income	5,994	4,429
Total	19,016	17,838

7.	Fair value reserve
	The heritable property was revalued in August 2015 by Graham and Sibbald, Chartered Surveyors, at an open market value of £200,000. The historical cost of the property included above at a valuation of £200,000 was £101,763. Fair value at 31 March 2026 is represented by: Valuation in 2015 £200,000